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Showing results for tags 'deficiency judgment'.
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Hi, I had a repossession in 2007 that is going to drop from my CR on January 2015. I did nothing when the CU sued me and there was a judgment against me in May, 2008. The judgment is no longer in my CR but the interest is still accumulating. I am saving and plan to negotiate a settlement sometime during 2014 or after the CO is deleted. I live in Texas and the attorneys could renew the judgment after 10 years, so paying is not an option. I have some questions: 1) If I pay a settlement before the item is deleted, could the account be reaged? If so, will the negative information damage my credit for 7 more years? 2) If I pay the settlement after the item is deleted, could the CO reappear? 3) Who do I talk to, the attorneys or the CU? Thank you, any help will be appreciated!
